1516 W Beverly Terrace, Montebello, CA

$870,000

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3

Beds

3

Baths

0.16

Acres

About 1516 W Beverly Terrace

They say its whats on the inside that countsand 1516 W. Beverly Terrace in Montebello proves it! Step onto the property and youll immediately notice the signs of care: dual-pane windows, copper plumbing, sewer cleanouts, and a solid roof that gives peace of mind. Sure, it could use a little cosmetic polish, but beneath the surface lies a triplex full of potential. For an owner-user, its a chance to put your personal touch on a well-maintained property in a prime location. For an investor, its a golden opportunity: two units are already occupied by long-term tenants, while the third is ready for a new tenant of your choice. Public records show three one-bedroom, one-bath units, but one has been expanded into a two-bedroom, opening the door to even greater rental income. Dont forget the garagescurrently used for storage by the landlord, but easily converted into additional income streams. And heres the kicker: aside from Californias state rent control requirements, there are no additional City of Montebello rent control restrictionsa huge advantage for investors. This is a trust sale, so expenses are estimated, but the value is undeniable. Whether youre looking for a home with income potential or an addition to your portfolio, 1516 W. Beverly Terrace is a must-see.

Features of 1516 W Beverly Terrace

MLS® # CV25199910
Price $870,000
Bedrooms 3
Bathrooms 3.00
Acres 0.16
Type Residential Income
Sub-Type Res Income 2-4 Units
Status Closed

Community Information

Address 1516 W Beverly Terrace
Area MONTEBELLO (90640)
City Montebello
County Los Angeles
State CA
Zip Code 90640

Amenities

Is Waterfront No
Has Pool No
Pool N/K

Interior

Fireplace Yes
Stories 1 Story

Exterior

Lot Description Curbs,Easement Access,Sidewalks
Roof Composition
Construction Stucco,Wood

Additional Information

Days on Market 4
Zoning Public Rec
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX INNOVATIONS

Listing Map

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